The Community Based Economy

Money, as we know it has gone through a set of changes over the course of time, as humanity’s interaction, gets more complex and complicated, the need to for a more reliable and secure way of transacting value is of utmost importance. As history makes us understand, the first fiat currency used was in China, which was a bronze shell known as the Chao, this occurred sometime around 1000 AD. A millennia after, Bitcoin was invented, which has been a major success in recent years, largely due to the decentralized nature of its blockchain. For the first time in hundreds of years, intermediaries have somewhat been evicted from financial dealings.

Due to Bitcoin’s success, many other tokens were launched, and they all built upon Bitcoin’s success, and many were more complex and technologically advanced, ethereum for example. Ethereum enabled the execution of smart contracts and is still an effective way to transfer and store value. It is no secret that the cryptocurrency industry is estimated to be worth over 200 Billion dollars.

What is Native?

^{Image - Source}

Native is an ethereum based blockchain project whose goal is to enable the creation of communities all over the world, that encourages people with share view come together in order to work towards a shared course or interests with the hope of achieving results that will be beneficial to all, and will their benefit the most.

This project will also allow communities the liberty to create its own local token, which will automatically give the community much greater control over its decision making process via polls and the likes. The use of sophisticated decision-making mechanisms that members will be able to use with the goal of encouraging fair decisions that properly represent the members wishes.

Core Benefits of Starting a Community with Native

Fund raising via the issuance of tokens, which will replace the traditional models of raising capitals which usually includes; fund raising, bank loans, crowdfunding and venture capitalists
The ability for communities to be able to make decision by leveraging the platforms's escrow and polling features
The ability to recognise, redeem value within a global framework

The Native Platform

^{Image -
source}

There will be 2 basic types of tokens that the Native will comprise of, the platform’s token named “Native Token” Source, and the “Communities Currencies” Source which are going to be created in each community for use of the local community members. As a way of protecting the value of each token, there will be reserves in other cryptocurrencies, this will not only provide stability but it also trading the tokens with other cryptocurrencies seemless. In the case of the Native Token, its reserve will be in Bancor Network Tokens (BNT), and in the case of the Communities Currencies, the reserve consists of Native Tokens.

When an individual gets onboarded into the community, that person he will be expected to trade his Native Tokens for the community currency, the distribution of these tokens varies from community to community, but there will always be a reserve and the community funds, which represents the resources that can be allocated based on the votes from the members, to carryout activities and projects that can bring value to the community which will bring it closer to achieving its set milestones.

The Vision Behind the Project

Native was founded by Jake Vartanian who was one of the first sets of early influencers within the space, he also founded cryptodex. He got the vision for Native which his yoga practice where he understands that attention, energy and value are all the same thing.

At Native, Jake and the team want to learn how people can be enabled to work on the things they legitimately care about. In doing so their attention will be maximized and in turn so will their energy and output. If the former proves to be correct, then the value of the participants in this new paradigm of online communities will also be maximized.

Native's Pilot Communities

The Native kick started with the launch of 6 pilot communites, and they include:

Earth Guardians is a Boulder, Colorado based non-profit that engages young people in programs to empower and amplify their voice, specifically around environmental justice - Source

Imaginal Films is a community of conscious film enthusiasts: filmmakers, viewers, and funders convened in one digital ecosystem to collectively develop, produce and distribute conscious films - Source

SDG Futures is a decentralized and distributed communities and technology stack for the United Nations Sustainable Development Goals (SDGs) - Source

Peace Accelerators is a New-York-based non-profit that is committed to accelerating the spread of global peace by using a community-driven, tech-centric, and future-forward perspective to devise solutions that leverage emergent technologies for the betterment of humanity. - Source

DOLO is a decentralized open learning organization working to iterate towards a future of smart education that is more open, agile, and rewarding for all stakeholders. - Source

The Rick & Morty Crew is a collective of fans committed to embracing all things wubalubadubdub! - Source

Types of users

Curators Source - Curators can be said to be the leaders of a certain community, they are the one's that pioneer a given community and are known to possess a total understanding of the community’s values & principles because one of their major responsibilities is to moderate the options that members can vote on and ensure these options are aligned to the ideals of the community.

They also review the tasks that are available for members to complete, also set the reward to be awarded for work done by community members with the use of the community's token

Members Source: - They are on the other end of the curator source as they are the people who decide to join communities because their views and values align with the given community. Upon becoming members of a given community, they can participate in voting on issues such as deciding which activity is the most important for the community, and resources to be allocated towards it.

They also decide which project should be considered to be implemented. Members can also apply to complete tasks and help the community with any skillset they possess in order to drive the community towards its goals.

^Source

Core Features

Unique Community Token: Communities on the Native platform have its very own unique token to signify membership, create a community resource pool, and use as a medium of exchange within the community.
Polls: Members have the ability to vote on polls to contribute their feedback to the community.
Projects: Members can decide on the projects the community pursues, giving them a voice in how the pool of resources is used.
Tasks: Members can complete important tasks in exchange for the communities tokens.

Use Cases

Case 1

^Source

Maye lives in a remote village in Western Africa only known for small scale farming and nothing more. Maye is a maize farmer, who learnt eveything he knows from his father, who by the way is late. Times are changing, and with inflation on the high, his farm yields are not making enough returns enough to pay the school fees of his kids, and other living expenses enough to sustain his family. Other farmers in Maye's village are complaining about the same thing.

Along came a young blockchain enthusiat in the community, who introduced Maye and the other farmers in the locality about the Native's platform, and how they can leverage the platform for economic reasons. Since their activities are all in sync with one another. A community of farmers striving towards a better living condition for their community.

They can also utilized the decision making tools in their fort coming elections, where the leader of the farming comunity will be choosen. Based on a free and fare fashion.

Case 2

^Source

Agbona is an entrepreneur who recently moved into a big city in order to position his new startup in front of its target audience. He is a big rock n Roll fan whose favourite band is Linkin Park, and in his spare time, he usually hangs out with his friends with similar interest. But now he is in a strange place, with non-existent contacts.

Being a tech entrepreneur, he is no stranger to the blockchain, and luckily for Agbona, he finds Native's where he finds a array of communities whose goals and interests align with his, he is ecstactic about his new findings, and he picks a community and joins.

Now, Agbona is not only a part of community that enjoys rock music, he is part of community that have a string of activities within the music, that generates value and financies for just engaging in their activities. They are part of causes that are geared towards making the society a better place, and with the unique token this community have, it means the more traction their activities garner, the more value the tokens accrue.

Agbona is happy!